Solana Price Falls Near $100 Amid Growing Selling Pressure

Solana's price has fallen 3.5% over the past 24 hours to trade near $101 on September 10, putting its $100 support level at risk due to growing selling pressure.

The decline comes during a broader risk-off move in global markets, with oil prices rising above $100 per barrel following intensified US-Iran conflict and attacks on shipping disrupting energy flows through the Middle East.

Higher energy prices have raised concerns over US inflation ahead of key inflation data and next week's Federal Reserve decision. Asian equities and crypto markets have fallen alongside risk assets, with roughly $246 million in crypto positions liquidated over the past 24 hours as volatility increased.